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AMZN

AYI

EADSY

GOOG

HELE

JNJ

MMM

PLTR

PODD

SFTBF

SNY

TEVA

UAL

UBER

UBS

Palantir is expanding its collaboration with PwC to combine AI capabilities. Anthropic, a competitor to OpenAI, is securing additional funding from Alphabet and Amazon. Sanofi and Teva have collaborated to co-develop a drug for inflammatory bowel disease. Insulet's CFO is resigning to join 3M. United Airlines has ordered 110 more aircraft from Boeing and Airbus. Zoom has unveiled AI-powered innovations. Over 75,000 employees of Kaiser Permanente have initiated a three-day strike. Softbank's CEO emphasized the importance of AGI. Uber is expanding its service offerings to include package return. UBS is offering enticing interest rates to attract clients. A New Jersey appeals court overturned a verdict linked to asbestos exposure in Johnson & Johnson's talc powder products. BP is looking to sell a stake in its U.S. oil and gas pipeline network. Helen Of Troy and Acuity Brands reported their earnings.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 4:37 pm

NVS

SDZNY

SDZXF

Novartis AG's spin-off, Sandoz Group AG, debuted on the SIX Swiss Exchange with a lower-than-expected valuation of $11.2 billion, causing a dip in Sandoz shares. Novartis reiterated its capital allocation strategy, including a $15 billion share buy-back and an annual dividend. Novartis shares also declined by 3.30%.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 4:35 pm

INFY

Infosys shares are trading higher following an upgrade from JP Morgan, which changed its rating from Underweight to Neutral.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 4:34 pm

NUVL

Shares of Nuvalent have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:30 pm

HZNP

Horizon Therapeutics (NASDAQ:HZNP) has outperformed the market over the past 5 years by 36.06% on an annualized basis, producing an average annual return of 44.12%. If an investor had bought $100 of HZNP stock 5 years ago, it would be worth $640.52 today.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 4:30 pm

EOG

EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years by 5.62% on an annualized basis, producing an average annual return of 12.84%. If an investor had bought $1000 of EOG stock 20 years ago, it would be worth $11,212.16 today.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 4:30 pm

BAC

EGRNF

JPM

China SCE Group Holdings Ltd. has defaulted on up to $1.8 billion in senior offshore notes, causing the bonds to be suspended from trading. The company, once ranked 6th among China's most-trusted property brands, cited sluggish demand for new developments as the reason for the cash-flow squeeze. The company's stock is down nearly 80% year-to-date. This follows similar defaults by China Evergrande Group Ltd and Sino Ocean Group Holding Co Ltd, causing a sharp sell-off in Hong Kong stocks.

Portfolio Pulse from Daniel Harrison

October 04, 2023 | 4:29 pm

GOOGL

MSFT

Zoom Video Communications Inc (NASDAQ:ZM) unveiled AI-powered innovations at Zoomtopia 2023, including the Zoom AI Companion and Zoom Docs, to compete with Microsoft Corp’s Teams and Alphabet Inc’s Google Docs. Analysts from Stifel, Morgan Stanley, Rosenblatt Securities, and KeyBanc Capital Markets provided mixed reviews on the prospects of these new products. Zoom's shares declined by 3.44% to $65.70 at the time of publication.

Portfolio Pulse from Priya Nigam

October 04, 2023 | 4:28 pm

APA

BKR

BPT

BTE

CPE

CPG

HPK

OVV

PBF

VET

Energy stocks are trading lower despite a rebound in oil prices. The stocks mentioned include APA, BKR, BPT, BTE, CPE, CPG, HPK, OVV, PBF, VET.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:26 pm

NUVL

Shares of Nuvalent (NUVL) were halted on a circuit breaker to the upside, with the stock now up 27.5%.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:21 pm